Taxes and Fees

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Study Compares Property Tax Burden in Northeast Illinois from 2008 to 2017

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Estimated Full Value of Real Estate In Cook County Increases for Fifth Year in a Row

(CHICAGO) -- The full market value of real estate in Cook County was approximately $585.8 billion in tax assessment year 2017 according to an annual estimate released today by the Civic Federation. The 2017 total value estimate represents…

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Estimated Full Value of Real Property in Cook County: 2008-2017

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Does the Graduated Income Tax Plan Help Local Governments?

Supporters of a graduated income tax have emphasized its potential to stabilize the State of Illinois’ shaky finances and reduce pressure on local…

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How do Chicago’s Hotel and Home Share Taxes Compare to Other Cities?

The City of Chicago levies taxes on both hotel operations and occupancy. The City charges a 4.5% hotel accommodations tax and a 6.0% additional…

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What is a PTELL Referendum and How Does it Work?

In the State of Illinois, non-home rule units of government located in counties subject to the Property Tax Extension Limitation Law (PTELL) are limited in the size of their annual property tax extension to 5% or the increase in the…

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Cook County’s Newly Formed Independent Revenue Forecasting Commission Holds First Meeting

A Commission created to analyze an annual five-year forecast of Cook County revenues held its…

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Illinois Tax Increase on Cigarettes and E-Cigarettes Scheduled to Go Into Effect July 1

As part of the $45 billion capital bill passed by the Illinois General Assembly in early June 2019, and pending the Governor’s signature, the State’s tax on…

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Civic Federation Urges Reform and Modernization of Illinois Property Tax Appeal Board

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The Property Tax Appeal Board Backlog: A History and Recommendations

Click here to read the full report.Click here to read the press release…